Suppose that dow subsequently repurchased 50 million shares

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Book value of common stockholders' equity of Dow Chemical, December 31, 2010 (figures in billions).





  Common shares ($2.5 par value per share) $ 2.951
  Additional paid-in capital
2.306
  Retained earnings
17.756
  Treasury shares at cost
(0.259 )
  Other
(4.895 )




       Net common equity $ 17.859





a.

Suppose that Dow Chemical issues 100 million shares at $25 share. Show the company's equity after the issue. (Negative amounts should be indicated by a minus sign. Enter your answers in billions rounded to 3 decimal places.)


  Common shares $   
  Additional paid-in capital   
  Retained earnings   
  Treasury shares at cost   
  Other   


       Net common equity $   



b.

Suppose that Dow subsequently repurchased 50 million shares at $36 a share. Rework part (a) to show the effect of the further change. (Negative amounts should be indicated by a minus sign. Enter your answers in billions rounded to 3 decimal places.)


  Common shares $   
  Additional paid-in capital   
  Retained earnings   
  Treasury shares at cost   
  Other   


       Net common equity $   


make sure to round according to directions!

Reference no: EM13570982

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